Holdings L.P. Blackstone Sells 25,000 Shares of Anadarko Petroleum (NASDAQ:APC) Stock

Anadarko Petroleum Co. (NASDAQ:APC) major shareholder Holdings L.P. Blackstone sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the transaction, the insider directly owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Anadarko Petroleum Stock Up 7.3%

Shares of NASDAQ APC traded up $1.46 during midday trading on Tuesday, hitting $21.55. The company’s stock had a trading volume of 444,840 shares, compared to its average volume of 185,630. The business’s fifty day simple moving average is $18.56 and its two-hundred day simple moving average is $49.48. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92. Anadarko Petroleum Co. has a 1 year low of $17.00 and a 1 year high of $21.72. The firm has a market capitalization of $270.88 million, a price-to-earnings ratio of 93.70, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas development company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business had revenue of $1.34 billion during the quarter. Anadarko Petroleum’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts predict that Anadarko Petroleum Co. will post 1.97 EPS for the current year.

Anadarko Petroleum Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, April 21st. Investors of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s payout ratio is presently 452.17%.

Analyst Upgrades and Downgrades

APC has been the subject of a number of research analyst reports. Raymond James Financial started coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a “strong-buy” rating and a $23.00 price objective for the company. Stifel Nicolaus started coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research upgraded Anadarko Petroleum to a “hold” rating in a report on Tuesday, March 10th. Mizuho started coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, UBS Group started coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “buy” rating and a $22.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Anadarko Petroleum has an average rating of “Moderate Buy” and a consensus price target of $21.60.

About Anadarko Petroleum

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.